President John Dramani Mahama has highlighted Ghana’s potential in energy production, inviting the global investment community to tap into these opportunities.
He noted that the Volta Lake, the largest man-made lake in the world, which was harnessed by Ghana’s first President, Osagyefo Dr. Kwame Nkrumah, to build the Akosombo Hydroelectric Dam, was envisioned as a source of power to drive Ghana’s industrialisation and make it a hub for Africa.
According to President Mahama, this initiative will be a cornerstone of his government’s 24-hour economy policy, which aims to invest $2 billion annually in infrastructure development to drive the initiative forward.
The President, speaking at the Presidential Investment Forum on the sidelines of the TICAD 9 Conference in Yokohama, Japan, on Tuesday, August 19, 2025, urged investors to capitalise on Ghana’s favourable investment climate.
He highlighted energy as a key growth area, citing Ghana’s comparative advantage in energy production. He said the construction of the 1,020-megawatt Akosombo Hydroelectric Dam by Dr. Kwame Nkrumah is a landmark project that underscores Ghana’s potential in energy generation.
“One of the major growth areas for Ghana is in energy. And Ghana has a comparative advantage when it comes to energy production,” he stated.
President Mahama further announced plans to invest US$2 billion annually in infrastructure development, complementing his 24-hour economy policy.
Under this policy, the President reiterated that incentives will be provided to businesses that invest and operate beyond the traditional eight-hour working cycle.
“And already, you’ve heard about the 24-hour economic policy, where we’ll give incentives to businesses that are prepared to invest and to run more than the eight-hour working cycle,” he stated.
He stated that Ghana aims to accelerate industrial growth, ensure food security, enhance supply chains and value addition, and position itself as a manufacturing and export hub for Africa.
This vision, he added, aligns with his broader agenda to boost economic development and create new opportunities for Ghanaians.
“We’re looking to accelerate industrial growth, ensure food security, enhance supply chain and value addition, and position Ghana as the manufacturing and export hub of Africa,” he stated.
TICAD 9: ‘Ghana has comparative advantage in agric & agribusiness’ – Mahama woos Japanese investors
